Gate Announces Powerloom (POWER) Renaming to Powerloom (POWERLOOM)

Gate will rename Powerloom (POWER) to Powerloom (POWERLOOM). As part of this process, Gate will suspend deposit, withdrawal and trading services for POWER, including the POWER_USDT spot trading pair, quantitative grid trading,Simple Earn and margin trading on December 6, 2025, at 10:00 UTC.

Gate will take the following steps:

1. Gate has disabled new leveraged lending and collateral lending for Powerloom (POWER).
2. At 10:00 UTC on December 6, 2025, Gate will suspend POWER deposit, withdrawal and trading services, including the POWER_USDT spot pair, Simple Earn and margin trading.
3. For users with active quantitative trading strategies involving POWER, please adjust strategies in advance. All active strategies will be forcibly terminated before 10:00 UTC on December 6, 2025.
4. For users holding POWER in Simple Earn, please manually redeem your assets in advance, or they will be automatically redeemed before 10:00 UTC on December 6, 2025.
5. For users with outstanding POWER margin loans, please repay your loans in advance. Otherwise, the loans will be automatically settled by 10:00 UTC on December 6, 2025.

This renaming only involves a change to the token ticker and does not include any blockchain swap or migration. Gate users do not need to take any additional actions. The security of user assets will not be affected. Once the renaming is complete, the token will be re-evaluated and re-listed under the new ticker. Please stay tuned for further announcements.

Trading POWER: https://www.gate.com/trade/POWER_USDT

Gate Team
December 6, 2025

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